Lion Street Advisors LLC Purchases 330 Shares of Crown Castle Inc. (NYSE:CCI)

Lion Street Advisors LLC lifted its position in Crown Castle Inc. (NYSE:CCI) by 9.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,007 shares of the real estate investment trust’s stock after acquiring an additional 330 shares during the period. Lion Street Advisors LLC’s holdings in Crown Castle were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCI. State Street Corp raised its stake in shares of Crown Castle by 3.7% in the 3rd quarter. State Street Corp now owns 20,875,581 shares of the real estate investment trust’s stock valued at $2,476,470,000 after buying an additional 747,390 shares in the last quarter. Wellington Management Group LLP increased its stake in Crown Castle by 23.8% in the third quarter. Wellington Management Group LLP now owns 17,528,597 shares of the real estate investment trust’s stock valued at $2,079,417,000 after acquiring an additional 3,371,186 shares during the period. Geode Capital Management LLC raised its position in Crown Castle by 1.3% in the third quarter. Geode Capital Management LLC now owns 12,105,151 shares of the real estate investment trust’s stock worth $1,434,229,000 after purchasing an additional 151,990 shares in the last quarter. Barclays PLC lifted its stake in Crown Castle by 7.2% during the third quarter. Barclays PLC now owns 5,174,920 shares of the real estate investment trust’s stock worth $613,900,000 after purchasing an additional 348,296 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Crown Castle by 4.2% during the third quarter. Fisher Asset Management LLC now owns 5,088,017 shares of the real estate investment trust’s stock valued at $603,592,000 after purchasing an additional 203,442 shares in the last quarter. 90.77% of the stock is owned by institutional investors.

Crown Castle Stock Performance

CCI stock opened at $89.85 on Thursday. The company has a 50 day moving average price of $93.10 and a 200 day moving average price of $104.69. Crown Castle Inc. has a fifty-two week low of $84.20 and a fifty-two week high of $120.92. The company has a debt-to-equity ratio of 4.43, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $39.05 billion, a PE ratio of 31.86 and a beta of 0.88.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CCI shares. Deutsche Bank Aktiengesellschaft dropped their target price on Crown Castle from $116.00 to $96.00 and set a “hold” rating for the company in a report on Thursday, January 23rd. Scotiabank cut their price objective on Crown Castle from $118.00 to $102.00 and set a “sector perform” rating for the company in a report on Thursday, January 23rd. Moffett Nathanson reduced their target price on shares of Crown Castle from $127.00 to $105.00 in a research note on Thursday, January 23rd. TD Cowen dropped their target price on shares of Crown Castle from $127.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Finally, JMP Securities assumed coverage on shares of Crown Castle in a research report on Monday, January 27th. They issued an “outperform” rating and a $115.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $110.13.

Crown Castle Profile

Crown Castle owns, operates and leases more than 40,000 cell towers and approximately 90,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. This nationwide portfolio of communications infrastructure connects cities and communities to essential data, technology and wireless service – bringing information, ideas and innovations to the people and businesses that need them.